Rivian Automotive Inc. ($RIVN) Stock Forecast: Down 14.4% Today

What is Rivian Automotive Inc.?

Rivian Automotive (RIVN) is a prominent player in the electric vehicle industry, known for its innovative designs and strong partnerships with companies like Volkswagen. Today, the stock experienced a significant bearish movement.

Why is Rivian Automotive Inc. going down?

RIVN stock is down 14.4% on Nov 15, 2024 16:42

• Market whales have taken a bearish stance on Rivian Automotive, as seen through recent options trades, potentially influencing the stock's downward movement.
• A comparison between Tesla and Rivian highlights Tesla's profit power versus Rivian's cash burn, possibly contributing to investor concerns and the bearish trend in Rivian's stock.
• Despite a joint venture launch with Volkswagen valued at up to $5.8 billion, Rivian's stock still faced a bearish day, indicating that other market factors may be at play.
• Analysts predicting a 44.23% upside in Rivian's stock might not have had an immediate impact on the market today, as other news and factors overshadowed this optimistic outlook.

RIVN Price Chart

RIVN Technical Analysis

RIVN News

Market Whales and Their Recent Bets on RIVN Options - Rivian Automotive ( NASDAQ:RIVN )

Whales with a lot of money to spend have taken a noticeably bearish stance on Rivian Automotive. Looking at options history for Rivian Automotive RIVN we detected 12 trades. If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish ...

https://www.benzinga.com/insights/options/24/11/42011702/market-whales-and-their-recent-bets-on-rivn-options

Tesla's Profit Power Vs. Rivian's Cash Burn: Can The Gap Be Narrowed? - Tesla ( NASDAQ:TSLA ) , Rivian Automotive ( NASDAQ:RIVN )

As the electric vehicle landscape charges forward, Tesla Inc TSLA and Rivian Automotive Inc RIVN stand as two of the most-watched U.S. players in the industry. But while Tesla has a strong profit engine driving its future, Rivian has been burning cash, relying on partners like Volkswagen AG VLKAF ...

https://www.benzinga.com/trading-ideas/long-ideas/24/11/41973501/teslas-profit-power-vs-rivians-cash-burn-can-the-gap-be-narrowed

What's Going On With Rivian Shares Wednesday? - Rivian Automotive ( NASDAQ:RIVN )

Rivian Automotive, Inc. RIVN stock is moving higher on Wednesday after the company announced a joint venture launch with Volkswagen valued at up to $5.8 billion.

https://www.benzinga.com/trading-ideas/movers/24/11/41947016/whats-going-on-with-rivian-shares-wednesday

Wall Street Analysts Predict a 44.23% Upside in Rivian Automotive ( RIVN ) : Here's What You Should Know

The mean of analysts' price targets for Rivian Automotive (RIVN) points to a 44.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

https://www.zacks.com/stock/news/2369723/wall-street-analysts-predict-a-4423-upside-in-rivian-automotive-rivn-heres-what-you-should-know

Rivian's Deal With Volkswagen Will Help EV Giant 'Navigate The Ship In Stormy Waters,' Says Top Analyst: Maintains Outperform Rating With $20 Target - Volkswagen ( OTC:VWAGY ) , Rivian Automotive ( NASDAQ:RIVN )

Analysts led by Dan Ives at Wedbush have highlighted the significance of Volkswagen's VWAGY increased investment in Rivian Automotive Inc. RIVN to $5.8 billion and kickstarted their joint venture, according to a note shared on Wednesday. This move is seen as a crucial step for Rivian's growth and ...

https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41938838/rivians-deal-with-volkswagen-will-help-ev-giant-navigate-the-ship-in-stormy-waters-

Trending Today

Natural Gas ($GAS) Commodity Forecast: Up 8.0% Today

dogwifhat ($WIF) Crypto Forecast: Up 5.5% Today

NetApp Inc. ($NTAP) Stock Forecast: Up 5.1% Today

Tilray Inc. ($TLRY) Stock Forecast: Up 5.4% Today

MKS Instruments Inc. ($MKSI) Stock Forecast: Up 5.0% Today

Western Digital Corporation ($WDC) Stock Forecast: Up 5.0% Today

GMT ($GMT) Crypto Forecast: Up 5.0% Today

Pepe ($PEPE) Crypto Forecast: Up 6.2% Today

Amphenol Corporation ($APH) Stock Forecast: Up 5.2% Today

Jito ($JTO) Crypto Forecast: Up 11.4% Today

Rivian Automotive Inc. Price History

15.10.2024 - RIVN Stock was down 14.4%

• Market whales have taken a bearish stance on Rivian Automotive, as seen through recent options trades, potentially influencing the stock's downward movement.
• A comparison between Tesla and Rivian highlights Tesla's profit power versus Rivian's cash burn, possibly contributing to investor concerns and the bearish trend in Rivian's stock.
• Despite a joint venture launch with Volkswagen valued at up to $5.8 billion, Rivian's stock still faced a bearish day, indicating that other market factors may be at play.
• Analysts predicting a 44.23% upside in Rivian's stock might not have had an immediate impact on the market today, as other news and factors overshadowed this optimistic outlook.

06.10.2024 - RIVN Stock was down 7.7%

• Rivian's stock decline is linked to market concerns following the recent election of Donald Trump as the 47th U.S. president, with uncertainty surrounding his policies concerning electric vehicle manufacturers impacting investor confidence in companies like Rivian and Lucid Group.
• Despite securing a long-term power purchase agreement with RWE, one of the largest renewable energy firms in the U.S., Rivian failed to see a significant stock boost, indicating that various market dynamics are currently overshadowing positive developments.
• Anticipation of negative earnings reports for Rivian is also contributing to the prevailing pessimism among investors as uncertainties surrounding the company's financial performance persist.
• The greater decline in Rivian's stock compared to the broader market suggests a distinct investor sentiment towards the company, likely influenced by a mix of macroeconomic factors, industry trends, and internal developments.

06.10.2024 - RIVN Stock was down 8.3%

• The long-term power purchase agreement signed with RWE, a renewable energy giant, might have initially boosted investor confidence, but the lack of positive earnings expectations could have dampened sentiment.
• The negative earnings forecast ahead of the upcoming report could have contributed to the bearish trend as investors may be wary of potential financial performance issues.
• Despite the broader market conditions, Rivian's larger fall compared to the overall market indicates that company-specific factors are likely driving the stock's decline. The market may be reacting to concerns about the company's financial health and future growth prospects.

13.10.2024 - RIVN Stock was up 11.3%

• Rivian's bullish movement today can be attributed to the positive news of Volkswagen increasing its investment in the company to $5.8 billion and kickstarting their joint venture. This partnership is seen as a significant step for Rivian's growth and credibility in the EV market.
• The recall of over 5000 R1 vehicles due to a software issue might have initially caused some concerns among investors, but the market seems to have shrugged off this news, focusing more on the long-term potential of the company.
• Despite reporting a steep loss per EV in Q3 and concerns about margins and supply chain issues, analysts still view Rivian as a long-term winner in the transition from internal combustion engine vehicles to EVs. The positive sentiment surrounding the Volkswagen joint venture seems to have overshadowed these short-term challenges.
• Overall, Rivian's bullish movement today reflects investor optimism driven by the strategic partnership with Volkswagen and the long-term growth potential of the company in the EV market.

13.10.2024 - RIVN Stock was up 16.9%

• Rivian's stock surged today due to the announcement of a joint venture with Volkswagen valued at up to $5.8 billion, indicating a strong partnership in the EV industry.
• Positive sentiment towards the company's future growth prospects has been reinforced by Wall Street analysts predicting a 44.23% upside in Rivian's stock, boosting investor confidence.
• Despite a minor setback with a recall of over 5000 vehicles due to a software issue, Rivian's overall market sentiment remained bullish, showcasing resilience in the face of challenges.
• The collaboration with Volkswagen is seen as a strategic move that will help Rivian "navigate the ship in stormy waters," according to a top analyst, underlining the positive outlook for the company's trajectory in the EV market.

29.09.2024 - RIVN Stock was down 5.2%

• Financial giants have taken a bearish stance on Rivian Automotive, with 92% of traders showing bearish tendencies, indicating a lack of confidence in the stock's performance.
• Analysts have lowered their estimates on Rivian due to concerns about softening demand and potential production and delivery challenges, leading to a reduced price target. This negative outlook has likely contributed to the bearish movement in the stock.
• The combination of reduced price targets and bearish sentiment from traders suggests that investors are cautious about Rivian's near-term prospects, leading to the bearish market movement today.

24.09.2024 - RIVN Stock was up 0.6%

• Rivian's stock exhibited a significant bullish trend despite concerns over demand softening and revised delivery expectations.
• A minor -0.1% decline in stock price could be linked to the adjusted price target from JPMorgan analyst Ryan Brinkman.
• Investors noted bearish options trading trends; however, this did not sway the prevailing positive market outlook on Rivian.
• The optimism surrounding Rivian's future growth prospects continues to drive the bullish movement in the stock price.

11.10.2024 - RIVN Stock was up 2.0%

• Despite reporting a steep loss per EV in Q3 and missing revenue estimates, Rivian's stock saw a bullish movement, indicating investor optimism.
• The supply agreement with LG Energy Solution to provide next-generation batteries for their vehicles could have boosted investor confidence in Rivian's future prospects.
• Analysts' caution on Rivian's short-term outlook due to supply chain concerns and missed earnings estimates may have been overshadowed by the long-term potential seen in the company.
• The comparison with Tesla in Gary Black's investment portfolio highlights the different trajectories the two EV companies are taking, potentially influencing investor sentiment towards Rivian's growth prospects.

14.10.2024 - RIVN Stock was down 8.2%

• Rivian's stock plummeted due to concerns about its cash burn rate compared to competitors like Tesla, which has a more robust profit engine.
• Despite announcing a joint venture with Volkswagen valued at up to $5.8 billion, investors may still be wary of Rivian's financial sustainability.
• The recall of over 5,000 vehicles due to a software issue affecting exterior lights could have raised doubts about Rivian's quality control and operational efficiency.
• Analysts predicting a 44.23% upside in Rivian's stock may have provided a temporary boost, but overall market sentiment and concerns about the company's financial health likely overshadowed this positive outlook.

14.10.2024 - RIVN Stock was down 8.2%

• Despite announcing a significant joint venture with Volkswagen worth up to $5.8 billion, Rivian's stock faced a downward trend, suggesting that positive developments did not lead to immediate market benefits.
• Concerns arose among investors regarding Rivian's cash burn rate compared to Tesla's profitability, prompting a selloff of Rivian shares.
• The recall of over 5000 R1 vehicles due to a software issue added to investor uncertainty and contributed to the stock's decline.
• Although some analysts projected a potential 44.23% increase in Rivian's stock price, broader market sentiment and internal challenges outweighed this positive outlook, resulting in the downturn.

08.10.2024 - RIVN Stock was up 5.1%

• Rivian's strong bullish movement today could be attributed to the long-term optimism surrounding the company's position in the transition from ICE to EV vehicles.
• Despite concerns about supply chain issues and missed revenue estimates in the third quarter, analysts are still viewing Rivian as a potential winner in the EV space.
• The news of LG Energy Solution supplying next-generation batteries to Rivian for its R2 model could have boosted investor confidence in the company's future growth prospects.
• CEO's confidence in Q4 gross profit and the R2 model being a fundamental driver of growth might have reassured investors and contributed to the bullish momentum in Rivian's stock today.

08.10.2024 - RIVN Stock was up 5.2%

• Despite missing third-quarter revenue and earnings per share estimates, analysts still see Rivian as a long-term winner in the transition from ICE to EV vehicles.
• The supply agreement with LG Energy Solution for next-generation batteries indicates Rivian's commitment to enhancing its products' performance and safety, which could have positively influenced investor sentiment.
• CEO's confidence in Q4 gross profit and the R2 model being a fundamental driver of growth might have reassured investors about Rivian's future prospects, contributing to the bullish movement in the stock.
• The contrasting trajectories of Rivian and Tesla in investment portfolios highlight the competitive dynamics in the EV market, with Rivian carving out its unique position despite short-term challenges.